PARIS: TOTAL SA has become TOTAL SE following its registration with the Trade and Companies Register of Nanterre as a European Company, which occurred on July 16, 2020, a news release said. This registration was approved at the Shareholders’ Meeting, held on of May 29, 2020, and follows negotiations with employees’ representatives in 25 countries…
Elixinol Global decides to continue the Hemp Foods Australia operations
PERTH: Elixinol Global Limited (EXL) has decided to continue the Hemp Foods Australia (HFA) operations, whilst exploring potential to leverage the cost base and skill set in the HFA business to support opportunities emerging in the Australian cannabidiol (CBD) landscape. Elixinol Global Limited (EXL) provided an update regarding the Board’s ongoing review of one of…
Bermele signs Heads of Terms to acquire the entire issued share capital of East Imperial
LONDON: Bermele Plc has signed Heads of Terms to acquire the entire issued share capital of East Imperial Pte. Ltd. for new shares in Bermele. The number of new shares is subject to further due diligence, a news release said. East Imperial is a Singapore incorporated company that designs, develops, formulates, manufactures, distributes and sells…
MGC Pharma signed binding term sheet to acquire Medicinal Cannabis Clinic
PERTH: MGC Pharmaceuticals Ltd, a European based bio-pharma company has signed a binding term sheet with Cannvalate Pty Ltd (CVL) to acquire 100% of the operating clinic based assets, data and intellectual property of its wholly owned subsidiary Medicinal Cannabis Clinic Pty Ltd, a news release said. Consideration due for the acquisition upon completion of…
Emirates NBD reports 45% decline in net profit to AED 4.1 billion
DUBAI: Emirates NBD, a leading banking group in the region, delivered a net profit of AED 4.1 billion for the first half of 2020 ending June 30, 2020, a news release said. Net interest income increased 36% y-o-y and non-funded income grew 24% y-o-y with the acquisition of DenizBank in 2019. Net profit declined 45%…
Emirates Islamic posts net profit of AED 12mn for the first half of 2020
DUBAI: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, reported a net profit of AED 12 million for the first half of the year ending 30 June, 2020. The drop in net profit is largely attributable to the prudent actions taken by the Bank to create higher impairment on its financing…
Jonathan Roe appointed Chairman of Amigo Holdings
LONDON: Amigo Holdings PLC, a leading provider of guarantor loans in the UK, announced Jonathan Roe will join the Board as Non-Executive Director and Chairman designate. Jonathan’s appointment as a Non-Executive Director is expected to be effective from 1 August 2020. His appointment as Chairman will be subject to approval of the Financial Conduct Authority…
Inland Homes signs £49m agreement with B3Living to develop apartments in Cheshunt Lakeside
LONDON: Inland Homes plc, the leading brownfield housing company with a focus on the south and south-east of England, announced that it has exchanged unconditional contracts via its joint venture, Cheshunt Lakeside Developments Limited, to sell Phase 1a at its Cheshunt Lakeside, Hertfordshire project to a local housing association, B3Living, for £15 million with a…
Passenger traffic at Sydney Airport down 94.9%
SYDNEY: Total passenger traffic at Sydney Airport in June 2020 was 172,000 passengers, down 94.9% on the prior corresponding period. 32,000 international passengers passed through Sydney Airport in June, down 97.6%. Domestic passengers totalled 140,000 for the month, down 93.3%. While domestic passengers noticeably increased in June when compared with April and May, Sydney Airport…
Qatar Electricity and Water posts profit of QR 661 million
DOHA: Qatar Electricity and Water (QEWC) posted a net profit of QR 661 Million (net of non-controlling interests) for the half-year ended June 30, 2020 against QR 620 million for the same period of the year 2019. The Earning per Share (EPS) amounted QR 0.60 in 2020 compared to QR 0.56 for the same period…
New India Assurance downgraded due to deficiencies in financial reporting
SINGAPORE: The global insurance sector rating agency has revised the outlook for New India Assurance Company Limited to Negative from stable earlier, as the company’s deficiencies in financial reporting continue to result in audit qualifications. Whilst the company’s audited accounts have been qualified for several years as a result of internal control weakness in the…
Halo Labs completes C$5.682 million acquisition of Bophelo, appoints Louisa Mojela as Chair
TORONTO: Halo Labs Inc. has closed its previously announced acquisition of Bophelo Bioscience & Wellness (Pty) Ltd., a news release said. Halo now controls 100% of the issued and outstanding shares of Bophelo. Concurrently with closing, Ms. Louisa Mojela was appointed as a director and Chairman of Halo’s board of directors and Mr. Philip Van…